Animal Oral Parasiticides Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Animal Oral Parasiticides Market: By Product Type (Ectoparasiticides, Endoparasiticides, Endectocides), By Formulation Type (Solids, Liquids), By Animal Type (Food Producing Animals, Companion animals), By Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Pharmacies and Drug Stores) and Geography

 

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Report

Description

Animal Oral Parasiticides Market size is estimated to be valued at USD 2,346.1 million in 2021 and is poised to grow at a significant CAGR of 5.4% over 2022-2028. Animal parasiticides are chemicals that kill parasites other than fungus and bacteria in livestock, pets, and other animals. The vast majority of parasiticides include one or more active components. Animal parasiticides are crucial in the prevention and treatment of numerous parasite diseases in animals. The Ectoparasiticides segment is anticipated to grow at a significant CAGR over the forecast years owing to the increasing awareness about animal-transmitted diseases, increasing pet adoption, and growing demand for animal-derived food products are some of the major factors driving the segment growth. However, stringent regulatory approval process may impede the market growth. Moreover, market players are focusing on launching new products and acquisition to maintain the growth in the market. For Instance, In June 2021, Boehringer Ingelheim collaborated with Lifebit (UK) to detect global infectious disease outbreaks using AI and natural language processing technology. Growing concern about zoonotic diseases, restrictions to avoid the spread of animal diseases, expanding companion animal ownership rates, and rising animal health spending are just a few of the drivers driving the industry’s rise throughout the projection period.

Recent Market Developments:

In August 2020, Boehringer Ingelheim leading global human pharma and animal healthcare company, launched of new product in their animal healthcare portfolio NexGard and Broadline provided comprehensive treatment for the dog and cats.

In August 2021, Zoetis Inc. (US) acquired Jurox (Australia) to expand its product portfolio and manufacturing capacity with potential for global expansion.

Animal Oral Parasiticides Market

MARKET SUMMARY
-
5.4%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 5.4%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Animal Oral Parasiticides Market

  • The animal oral parasiticides market report gives historical, current, and future market sizes (US$ Bn) on the basis of product type, formulation type, animal type, distribution channel, and geography.
  • The global animal oral parasiticides market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Key Players
  • Eli Lilly and Company
  • Zoetis Inc.
  • Merck & Co Inc.
  • Bayer AG
  • Perrigo Co. plc.
Animal Oral Parasiticides Market Dynamics

Over the projected period, the rising adoption of companion animals is likely to drive development in the global animal Oral parasiticides market. According to the American Veterinary Medical Association, the number of dogs in the United States was 76,811,305 in 2018, up from 69,926,000 in 2012. Furthermore, rising spending on animal healthcare is likely to boost the market growth. According to The American Pet Products Association’s March 2018 predictions, overall expenditure in the U.S. pet market is predicted to rise by 3.7% in 2018 compared to 2017.


North-America Got Significant Share

Animal Oral Parasiticides Market

The animal oral parasiticides market in North America is likely to hold the highest revenue share of in 2021 and same trend is expected over the forecast period due to its well-established animal health industry, growing companion animal adoption, and rising animal health spending during the projected period, the Latin American market is predicted to develop at the fastest CAGR. This can be linked to a rising livestock animal population, increased consumption of animal-derived food items, and increased pet adoption.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The animal oral parasiticides market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Animal Oral Parasiticides Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The leading players in the global animal oral parasiticides market are Merial (Boehringer Ingelheim GmbH), Ceva Sante Animale, Virbac SA, Vetoquinol S.A., Eli Lilly and Company, Zoetis Inc., Merck & Co Inc., Bayer AG, Perrigo Co. plc.

The global animal oral parasiticide market size was over $ 2,346.1 Million in 2021 and is anticipated to reach $ 9,010.8 Million by 2028.

Trends in the animal oral parasiticides market:

  • Consolidation in Animal Health Industry
  • Innovations in animal parasiticides


Report

Table Of Content

1. Executive Summary
2. Global Animal Oral Parasiticides Market Introduction
2.1. Global Animal Oral Parasiticides Market – Taxonomy
2.2. Global Animal Oral Parasiticides Market –Definitions
2.2.1. Product Type
2.2.2. Formulation Type
2.2.3. Animal Type
2.2.4. Distribution Channel
2.2.5. By Region
3. Global Animal Oral Parasiticides Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Animal Oral Parasiticides Market Dynamic Factors – Impact Analysis
3.6. Global Animal Oral Parasiticides Market – Competition Landscape
4. Global Animal Oral Parasiticides Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Animal Oral Parasiticides Market, By Product Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Ectoparasiticides
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Endoparasiticides
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Endectocides
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Animal Oral Parasiticides Market, By Formulation Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Solids
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Liquids
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Animal Oral Parasiticides Market, By Animal Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Food producing animals
7.1.1. Cattle
7.1.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.1.3. Market Opportunity Analysis
7.1.2. Pigs
7.1.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.2.3. Market Opportunity Analysis
7.1.3. Poultry
7.1.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.4. Market Opportunity Analysis
7.1.5. Sheep and Goat
7.1.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.5.3. Market Opportunity Analysis
7.1.6. Others
7.1.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.6.3. Market Opportunity Analysis
7.2. Companion animals
7.2.1. Dogs
7.2.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.1.3. Market Opportunity Analysis
7.2.2. Cats
7.2.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.2.3. Market Opportunity Analysis
7.2.3. Horses
7.2.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3.3. Market Opportunity Analysis
7.2.1. Others
7.2.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.1.3. Market Opportunity Analysis
8. Global Animal Oral Parasiticides Market, By Distribution Channel, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Veterinary Hospital pharmacies
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Retail Pharmacies
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Online Pharmacies
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
9. Global Animal Oral Parasiticides Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Animal Oral Parasiticides Market – Opportunity Analysis Index, By Product Type, By Formulation Type, By Animal Type, By Distribution Channel, and Region, 2022-2028
10. North America Animal Oral Parasiticides Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Ectoparasiticides
10.1.2. Endoparasiticides
10.1.3. Endectocides
10.2. Formulation Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Solids
10.2.2. Liquids
10.3. Animal Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Food producing animals
10.3.1.1. Cattle
10.3.1.2. Pigs
10.3.1.3. Poultry
10.3.1.4. Sheep and Goat
10.3.1.5. Others
10.3.2. Companion animals
10.3.2.1. Dogs
10.3.2.2. Cats
10.3.2.3. Horses
10.3.2.4. Others
10.4. Distribution Channel Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Veterinary Hospital pharmacies
10.4.2. Retail Pharmacies
10.4.3. Online Pharmacies
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Animal Oral Parasiticides Market – Opportunity Analysis Index, By Product Type, By Formulation Type, By Animal Type, By Distribution Channel, and Country, 2022-2028
10.7. North America Animal Oral Parasiticides Market Dynamics – Trends
11. Europe Animal Oral Parasiticides Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Ectoparasiticides
11.1.2. Endoparasiticides
11.1.3. Endectocides
11.2. Formulation Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Solids
11.2.2. Liquids
11.3. Animal Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Food producing animals
11.3.1.1. Cattle
11.3.1.2. Pigs
11.3.1.3. Poultry
11.3.1.4. Sheep and Goat
11.3.1.5. Others
11.3.2. Companion animals
11.3.2.1. Dogs
11.3.2.2. Cats
11.3.2.3. Horses
11.3.2.4. Others
11.4. Distribution Channel Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Veterinary Hospital pharmacies
11.4.2. Retail Pharmacies
11.4.3. Online Pharmacies
11.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Europe Animal Oral Parasiticides Market – Opportunity Analysis Index, By Product Type, By Formulation Type, By Animal Type, By Distribution Channel, and Country, 2022-2028
11.7. Europe Animal Oral Parasiticides Market Dynamics – Trends
12. Asia-Pacific Animal Oral Parasiticides Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Ectoparasiticides
12.1.2. Endoparasiticides
12.1.3. Endectocides
12.2. Formulation Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Solids
12.2.2. Liquids
12.3. Animal Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Food producing animals
12.3.1.1. Cattle
12.3.1.2. Pigs
12.3.1.3. Poultry
12.3.1.4. Sheep and Goat
12.3.1.5. Others
12.3.2. Companion animals
12.3.2.1. Dogs
12.3.2.2. Cats
12.3.2.3. Horses
12.3.2.4. Others
12.4. Distribution Channel Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Veterinary Hospital pharmacies
12.4.2. Retail Pharmacies
12.4.3. Online Pharmacies
12.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Animal Oral Parasiticides Market – Opportunity Analysis Index, By Product Type, By Formulation Type, By Animal Type, By Distribution Channel, and Country, 2022-2028
12.7. Asia-Pacific Animal Oral Parasiticides Market Dynamics – Trends
13. Latin America Animal Oral Parasiticides Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Ectoparasiticides
13.1.2. Endoparasiticides
13.1.3. Endectocides
13.2. Formulation Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Solids
13.2.2. Liquids
13.3. Animal Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Food producing animals
13.3.1.1. Cattle
13.3.1.2. Pigs
13.3.1.3. Poultry
13.3.1.4. Sheep and Goat
13.3.1.5. Others
13.3.2. Companion animals
13.3.2.1. Dogs
13.3.2.2. Cats
13.3.2.3. Horses
13.3.2.4. Others
13.4. Distribution Channel Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Veterinary Hospital pharmacies
13.4.2. Retail Pharmacies
13.4.3. Online Pharmacies
13.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Animal Oral Parasiticides Market – Opportunity Analysis Index, By Product Type, By Formulation Type, By Animal Type, By Distribution Channel, and Country, 2022-2028
13.7. Latin America Animal Oral Parasiticides Market Dynamics – Trends
14. Middle East and Africa Animal Oral Parasiticides Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Ectoparasiticides
14.1.2. Endoparasiticides
14.1.3. Endectocides
14.2. Formulation Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Solids
14.2.2. Liquids
14.3. Animal Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Food producing animals
14.3.1.1. Cattle
14.3.1.2. Pigs
14.3.1.3. Poultry
14.3.1.4. Sheep and Goat
14.3.1.5. Others
14.3.2. Companion animals
14.3.2.1. Dogs
14.3.2.2. Cats
14.3.2.3. Horses
14.3.2.4. Others
14.4. Distribution Channel Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Veterinary Hospital pharmacies
14.4.2. Retail Pharmacies
14.4.3. Online Pharmacies
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Animal Oral Parasiticides Market – Opportunity Analysis Index, By Product Type, By Formulation Type, By Animal Type, By Distribution Channel, and Country, 2022-2028
14.7. MEA Animal Oral Parasiticides Market Dynamics – Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Ceva Sante Animlae
15.2.2. Virbac SA
15.2.3. Vetoquinol S.A.
15.2.4. Eli Lilly and Company
15.2.5. Zoetis Inc.
15.2.6. Merck & Co Inc.
15.2.7. Bayer AG
15.2.8. Perrigo Co. plc.
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • Merial (Boehringer Ingelheim GmbH)
  • Ceva Sante Animlae
  • Virbac SA
  • Vetoquinol S.A.
  • Eli Lilly and Company
  • Zoetis Inc.
  • Merck & Co Inc.
  • Bayer AG
  • Perrigo Co. plc.

Description

Animal Oral Parasiticides Market size is estimated to be valued at USD 2,346.1 million in 2021 and is poised to grow at a significant CAGR of 5.4% over 2022-2028. Animal parasiticides are chemicals that kill parasites other than fungus and bacteria in livestock, pets, and other animals. The vast majority of parasiticides include one or more active components. Animal parasiticides are crucial in the prevention and treatment of numerous parasite diseases in animals. The Ectoparasiticides segment is anticipated to grow at a significant CAGR over the forecast years owing to the increasing awareness about animal-transmitted diseases, increasing pet adoption, and growing demand for animal-derived food products are some of the major factors driving the segment growth. However, stringent regulatory approval process may impede the market growth. Moreover, market players are focusing on launching new products and acquisition to maintain the growth in the market. For Instance, In June 2021, Boehringer Ingelheim collaborated with Lifebit (UK) to detect global infectious disease outbreaks using AI and natural language processing technology. Growing concern about zoonotic diseases, restrictions to avoid the spread of animal diseases, expanding companion animal ownership rates, and rising animal health spending are just a few of the drivers driving the industry’s rise throughout the projection period.

Recent Market Developments:

In August 2020, Boehringer Ingelheim leading global human pharma and animal healthcare company, launched of new product in their animal healthcare portfolio NexGard and Broadline provided comprehensive treatment for the dog and cats.

In August 2021, Zoetis Inc. (US) acquired Jurox (Australia) to expand its product portfolio and manufacturing capacity with potential for global expansion.

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